The price of SJC gold bars and gold rings has increased again, bringing a positive signal to investors. In the face of market fluctuations, many people have begun to pay more attention to the value of gold as a safe asset.
Similarly, the price of 99.99 gold rings and jewelry gold also recovered by VND200,000 when it was traded at VND114.2 million/tael for buying and VND116.7 million/tael for selling.
Domestic gold prices increased again following the upward trend of world prices. At the same time, businesses also narrowed the buying and selling price range to 2 million VND/tael. The domestic gold market has fluctuated quite quietly in recent days, mainly changing in price following the increase and decrease of world prices.
On the international market, at 9:30 this morning, Vietnam time, the gold price was trading at 3,322 USD/ounce, up about 20 USD/ounce in the past 24 hours.
Gold prices rose again today as investors chose gold as a safe haven amid concerns over escalating geopolitical risks and market expectations that the US Federal Reserve (Fed) will soon cut interest rates.
SJC gold bar price increases again
At a recent press conference to announce the banking sector’s performance in the first 6 months of 2025, Deputy Governor of the State Bank Pham Thanh Ha said that in the first months of 2025, due to many objective factors, the world gold price continuously broke the previous record. Domestically, the price of SJC gold bars moved in the same direction as the world price.
With the synchronous solutions of the State Bank and the active coordination of functional agencies, by early April 2025, the difference between the domestic SJC gold bar price and the world gold price has been controlled within a suitable range.
According to Mr. Pham Thanh Ha, to adapt to the new market context, the State Bank is urgently researching, proposing and receiving approval from the Prime Minister to draft a Decree amending and supplementing a number of articles of Decree 24/2012/ND-CP according to simplified procedures.
Domestic investors expect gold prices to cool down as regulators implement new policies.
Currently, the world gold price converted according to the listed exchange rate is about 105.3 million VND/tael.
Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-tang-tro-lai-196250710093559857.htm
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